The 90-day loan was part of a £2.85m acquisition for a site designated for residential development.
Commenting on the loan completion, Steve Dunn of CBS Capital said: “The funding we have delivered for this acquisition is a clear demonstration of how, with BloomSmith’s liquidity, we can help clients fulfil their goals.
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“This is the first of two deals we currently have lined up with BloomSmith and the reason we like to work with a dependable lending partner.”
Nigel Smith, CEO at BloomSmith added: “We would like to thank CBS Capital for their hard work and genuinely professional approach during the acquisition.
“Steve Dunn is cerebral in his approach to getting deals done, which shows in the success that he has.”
The news follows BloomSmith delivering a £212,000 VAT bridge with Arc & Co last month.
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